Kansas tax revenue was $45 million short of the expectations for September.
According to the tax receipts from the Kansas Division of the Budget, the individual income tax revenue was short $14 million and the corporate income tax revenue was short $18 million. Sales tax revenue was $9 million short.
For the fiscal year, which only began three months ago, the state is $69 million short on tax revenue expectations. The tax revenues were short $10.5 million in August.
When February tax revenues were $53 million short, Gov. Sam Brownback cut higher education budgets by $17 million. This resulted in a nearly $5 million cut to Kansas State.Related:
Brownback cuts higher education funding, K-State loses $4.9 million
Afterward, the university increased student tuition by 5 percent.
In the College of Engineering, budget cuts translated into increased fees for students.Related:
College of Engineering increases fees amid budget cuts
The Legislature does not reconvene until January.
According to the Topeka Capital-Journal, a work group assembled by Brownback will present its findings today for why tax revenue estimates are off so frequently.
Tax revenue is estimated by the Consensus Revenue Estimating Group, which is comprised of representatives from the Division of the Budget, Department of Revenue, Legislative Research Department and three economists, one from the University of Kansas, one from Wichita State University and one from K-State.
Lance Bachmeier, professor of ecomomics, is the K-State representative.
